Claims extracted
19
sentences that state something as happening or true
Uncertain
5%
1 of 19 hedged
("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
69/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Wetherspoons has urged for common sense to prevail at the Budget after a sharp rise in employment costs and business rates hit profits.
asserted
rise → urge → profits
Sir Tim Martin, chair of the pub group, urged the Government to refrain from more tax hikes, which has already led to the ‘dereliction’ of the high street.
asserted
which → urge → street
‘The hospitality industry, as many commentators and companies have noted, has borne the brunt of government-led tax and regulatory cost increases, especially in the last two budgets,’ he said.
asserted
he → note → budgets
‘This has resulted in pubs becoming even more expensive than supermarkets, leading to job losses, closures and high street dereliction.’
asserted
pubs → result → losses
Sir Tim Martin, boss of JD Wetherspoon, said taxes hikes were leading to job losses
A boost in sales thanks to the warmer weather failed to offset a 5.3 per cent jump in costs, with pre-tax profits plummeting by 28 per cent to £58.6million for the year to July 26.
asserted
profits → say → July
‘Common sense and economic principle surely indicate that a sensible rebalancing of taxes would generate more jobs and more revenue for the government,’ Wetherspoons told investors.
asserted
Wetherspoons → indicate → investors
Martin has repeatedly flagged substantial cost rises eating into the group's bottom line and today said rising energy, repair and employment costs had had a 'heavy influence on most other input prices' and 'rose more than sales'.
asserted
costs → flag → sales
The pub chain said the cost of employing its 42,000 staff at its 792 pubs across the country jumped £46million in the year to July 26, while repair costs surged £31million and its business rates bill increased by £9million.
asserted
bill → say → 9million
Martin added: 'It is to be hoped that the powers-that-be will refrain from any further increases, since pubs and restaurants pay around 40 per cent of their receipts as taxes of one sort or another - and provide immense financial support to the Treasury, as well as social support to the community.'
The hospitality giant reported a 5.2 per cent jump in total sales for the year, with like-for-like sales growth of 4.2 per cent.
asserted
giant → add → cent
It was driven by a 6.1 per cent jump in bar sales, while food sales and revenue from its hotel rooms rose 1.2 and 1.3 per cent, respectively.
asserted
sales → drive → rooms
Fruit machine sales rose 7.4 per cent.
asserted
sales → rise → ?
Wetherspoons said it had been boosted by ‘exceptional weather’, pushing like-for-like sales 8.6 per cent higher in the nine weeks to September 27.
asserted
it → say → September
It said it benefited from ‘substantial progress’ to increase the number of beer gardens and outside seating areas across its pubs.
asserted
it → say → pubs
Shares rose 7.38 per cent to 873p, bringing this year's gains to 17.5 per cent.
asserted
Shares → rise → cent
Richard Hunter, head of markets at Interactive Investor, said: 'Wetherspoon had previously warned that higher costs would place a large stain on profits, and the prediction has unfortunately played out although the group remains resolute in its ambitions.'
He added: 'Spoons has been dealt some difficult hands over the years which, for the most part, it has been resolute in turning into profit.
asserted
it → say → profit
The group’s value model leaves it continually bumping up against a wall of higher costs, which puts perennial pressure on margins and profits.
asserted
which → leave → margins
If you take out a product This is Money may earn a commission.
uncertain
This → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
The Aporia
